Faced with liquidity crunch after IL&FS default and with rising number of defaults, the shadow bankers are seeking a bailout in the form of a separate liquidity window. But any decision on this would require detailed discussions, sources said.

Ever since the IL&FS crisis erupted, banks have been averse to lending to the sector, which has put them in a tight spot. There are concerns that NBFCs may run out of money, which will lead to defaults.

Measures to tackle the NBFC crisis, relaxation in bank borrowing norms, boost to capital market activity and larger public infra spends top the wish list of corporates’ expectations from the new government.